Risk Management and Systems Engineering Flashcards
6 cards from real BSE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Risk Management and Systems Engineering flashcards as text
What is the 'V-Model' in systems engineering?
Answer: A development lifecycle model showing relationships between development stages and corresponding verification/validation activities
The V-Model maps each development phase on the left side to its corresponding testing or validation phase on the right side, emphasizing that verification and validation must be planned early.
What is 'residual risk' in risk management?
Answer: Risk that remains after all risk responses have been implemented
Residual risk is the remaining level of risk after risk responses (mitigation, avoidance, transference) have been implemented and accepted by stakeholders.
In systems engineering, what does 'interface management' address?
Answer: Defining and controlling the connections and interactions between system components
Interface management defines, documents, and controls the physical, functional, and data interactions between subsystems and external systems to ensure compatibility.
Which tool in risk management uses a tree diagram to map out possible decisions and their consequences, including probabilities and payoffs?
Answer: Decision Tree Analysis
Decision tree analysis creates a graphical representation of decisions, chance events, and their outcomes to identify the option with the highest expected value.
What is 'technical debt' in systems and software engineering management?
Answer: The accumulated cost of shortcuts and suboptimal design choices that must be addressed later
Technical debt refers to the implied future cost of rework resulting from choosing expedient but imperfect solutions instead of better approaches that would take longer now.
In risk management, what is the difference between a 'threat' and an 'opportunity'?
Answer: Threats are negative risks with adverse impacts; opportunities are positive risks with beneficial impacts
Risk management addresses both threats (negative events that could harm project objectives) and opportunities (positive events that could benefit project objectives if realized).